- The market opened on positive note where NIFTY registered a 3% gain and closed below its resistance level at 8186 pts.
- Nifty charts closed the year with a strong bull candle with riposte of bulls
- FMCG recorded mammoth gainer in the markets with 6% gains.
- Oil and metal registers the top gainers in the sectoral indices in 2016.
- DIIs made a bullish position throughout the day in contrast to FII who were net sellers.
- pharma sector registered the most losing sector along with IT during 2016.
- demonetization seen as the major concern for the investors along with the upcoming budget and tax reforms.
- India to sign an agreement with Singapore for bilateral tax avoidance.
- India’s forex reserves declined due to fall in foreign currency assets.
- The deadline of exchanging old notes ends today. Govt levies the minimum fine starting from Rs.10,000.
- Rupee jumps by 18 paise to 67.92 against US dollar while gold in rapport with global trade.
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